Genies plans to sell some one-of-a-kind digital goods for musician Shawn Mendes. It comes on the heels of Genies‘ sold-out sale of digital wearables for soccer star Mesut Ozil for $500,000.
The goods can be authenticated as unique using nonfungible tokens, or NFTs, which use blockchain (the transparent and secure digital ledger) to uniquely identify items. NFT-based collectibles can be verified as one-of-a-kind items, and that means they can be auctioned off as rare items.
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